Program Eligibility & Borrower Qualification

Do all household members need to be included in the DPA application?

Yes. The program evaluates total household income, so all individuals residing in the home must be disclosed, even if they are not on the loan.

Can a separated spouse’s income be excluded?

In certain cases, yes—if the borrower can document that they are legally separated and maintaining separate households (e.g., separate tax filings, proof of residence). Final determination is made during underwriting.

Is there an asset limit for buyers?

No, the borrower’s liquid assets are not assessed in the unmet need calculation.

If a borrower has enough funds to close but needs them for reserves, are they eligible?

Potentially. Eligibility depends on whether those funds are required to qualify for the mortgage, which may still demonstrate a financial gap under program guidelines.

Are repeat homebuyers eligible?

The program is designed for first-time homebuyers and buyer who have not held ownership interest in property the past 3 years.

If a borrower was added to a deed but never lived in the home, are they still eligible?

This may still qualify as a first-time homebuyer depending on the circumstances. Documentation will be required and reviewed case-by-case.